Brief: Metsä Board Q2 Comparable EBIT Above Estimates At EUR 145.9 Mln

Metsa Board Oyj

28/07/2022 10:13

July 28 (Reuters) - Metsa Board Oyj  METSB.HE :
    * METSÄ BOARD'S COMPARABLE OPERATING RESULT IN JANUARY-JUNE
2022
WAS EUR 267 MILLION
    * RUSSIA'S WAR IN UKRAINE DID NOT HAVE A SIGNIFICANT IMPACT
ON
METSÄ BOARD'S PROFITABILITY IN Q2 OR ON COMPANY'S FINANCIAL
POSITION AT END OF JUNE
    * Q2 SALES EUR 650.5 MILLION VERSUS EUR 632.7 MILLION SEEN
IN
REFINITIV POLL OF ANALYSTS
    * TOTAL DELIVERIES OF PAPERBOARDS WERE 472,000 TONNES (Q2
2021:
514,000). INVENTORY LEVELS WERE INCREASED AS PLANNED IN Q2
    * Q2 ADJUSTED EBIT EUR 145.9 MILLION  VERSUS VERSUS EUR
137.2
MILLION SEEN IN REFINITIV POLL OF ANALYSTS
    * COST INFLATION CONTINUED TO BE RAPID. RISE IN COSTS WAS
FASTER
THAN EXPECTED, ESPECIALLY IN CHEMICALS AND ENERGY. IN ADDITION,
LOGISTICS COSTS INCREASED CLEARLY FROM PREVIOUS
    * METSÄ BOARD'S COMPARABLE OPERATING RESULT IN
JULY-SEPTEMBER 2022
IS EXPECTED TO BE ROUGHLY AT SAME LEVEL AS IN APRIL-JUNE 2022
    * FINANCIAL POSITION IS VERY GOOD. MATURITY STRUCTURE OF
LOANS IS
HEALTHY, AND COMPANY HAS ADEQUATE LIQUIDITY
    * DEMAND FOR FRESH FIBRE PAPERBOARDS IS EXPECTED TO REMAIN
GOOD IN
COMPANY'S MAIN MARKET AREAS IN EUROPE AND NORTH AMERICA
    * PAPERBOARD DELIVERY VOLUMES IN JULY-SEPTEMBER ARE EXPECTED
TO
REMAIN ROUGHLY AT SAME LEVEL AS IN APRIL-JUNE (472,000 TONNES)
    * PLANNED ANNUAL MAINTENANCE SHUTDOWNS ARE EXPECTED TO HAVE
A
SIMILAR IMPACT ON RESULTS IN JULY-SEPTEMBER 2022 TO THOSE IN
APRIL-JUNE 2022

Source text for Eikon:  ID:nWkr7Zvv7S 
Further company coverage:  METSB.HE 

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